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#loan agreement

Egypt is poised to receive the second tranche of its USD 3 billion (EGP 89.3 billion) loan agreement with the International Monetary Fund (IMF) by the end of March 2023. The instalment is estimated at USD 347 million (EGP 10.3 billion), said the IMF Mission Chief for Egypt, Middle East, and Central Asia Department Ivanna Vladkova Hollar on 10 January. Hollar’s statement was in direct response to Al Ahram’s inquiries regarding the loan’s expected timeline, and the ways in which…